Cholamandalam Investment and Finance Co. shares gained around 8 percent today and currently trade at Rs 840. The scrip marked its 52-week high figure today at a price of Rs 844.90. Having a purview of one year, the stock has been able to provide returns of about 20 percent to its stakeholders. Moving ahead with [...]
Rama Phosphates Ltd, Dolly Khanna-owned stock, opened its trading hour today at Rs 192.30 and currently trades at Rs 224.75 showcasing a gain of around 17 percent. The scrip has witnessed an upside of about 28 percent in a period of just 5 days. According to the data available as on December 2022, the ace [...]
Bharti Airtel Ltd stock started its trading session at Rs 762.60 and currently trades at Rs 765.70. The scrip is flat gaining around 0.30 percent as compared to the previous closing price of Rs 763.45. In January 2020, the company issued USD 1,000 million 1.50% Convertible Bonds (FCCB) due in 2025. The Bonds are convertible [...]
The growth in world trade is expected to grow by a meagre 1.7 per cent in 2023 due to global uncertainties, the World Trade Organisation (WTO) said on Wednesday. The 1.7 per cent forecast is up from the previous estimate of 1 per cent last October. For 2024, the WTO in its forecast said, the [...]
High dividend-paying stocks can emerge as a good bet amid volatile markets. This is particularly true in times of high-interest rates and weak global trends. Dividends are part of a company’s profits that are distributed to shareholders. Generally, companies that pay high dividends are financially healthy. Here are two high dividend yield stocks to buy [...]
Avalon Technologies' initial share sale received a lukewarm response from investors, with the offer getting subscribed 9 per cent on the second day of subscription on Wednesday. The Initial Public Offering (IPO) received bids for 10.77 lakh equity shares against 1.14 crore shares on offer, according to the data available with the National Stock Exchange [...]
Open source design of computer chipsets RISC-V is becoming a global movement with India as a leading player, Minister of State for Electronics and IT Rajeev Chandrasekhar said here on Wednesday. While speaking at RISC-V Technology Conference organised by Tenstorrent, the minister said Indian startups using RISC-V have tremendous opportunities for developing products, devices and [...]
On the back of a record 26-28 per cent volume growth in FY23, the air conditioner market is set to log in another healthy year with 15-20 per cent sales growth this fiscal, according to a report. A report by Icra Ratings also said that the production-linked incentive scheme will help reduce import dependence for [...]
The performance of the Goods and Services Tax Network system has improved steadily over time, resulting in a steady increase in taxpayers in the country, Economic Advisory Council to the Prime Minister (EAC-PM) has said in a working paper. After years of debate, India rolled out the Goods and Service Tax (GST) in July 2017. [...]
A Parliamentary panel has asked the Ministry of New & Renewable Energy (MNRE) to revive one MWe solar thermal power plant at the National Institute of Solar Energy, saying the "project led (to) an infructuous expenditure". A grid-interactive solar thermal power plant, with a capacity of 1 MWe at Direct Normal Irradiance (DNI) radiation of [...]
The European Union's carbon tax regime will affect exports from countries, including India and least developed countries, to that region, trade experts said on Wednesday. EU is introducing the Carbon Border Adjustment Mechanism (CBAM) from October 1 this year. According to a report by economic think tank Global Trade Research Initiative (GTRI), CBAM will translate [...]
Delhi airport has emerged as the ninth busiest airport in the world in 2022 with passenger traffic of more than 5.94 crore, according to Airports Council International (ACI) list. DIAL is the operator of the Indira Gandhi International Airport (IGIA) in the national capital. ACI said the list of top 10 busiest airports in the [...]
BLS International Services on Wednesday said it has signed a memorandum of understanding (MOU) with Thailand to accept electronic visa-on-arrival (EVOA) applications for 17 countries. "This convergence of forces is expected to propel Thailand's tourism inflow steadily, with estimated 75,000-plus applications expected for the upcoming season," the city-based company said in a release. The company [...]
Blue Star aims to corner around 15 per cent share of the residential air conditioner market in terms of value as the cooling products maker expands its product portfolio and distribution network, its Managing Director B Thiagarajan said on Wednesday. The company is witnessing a pick up in the markets of West and South regions [...]
Infosys on Wednesday said it has extended collaboration with data and analytics company LexisNexis to provide information services across their range of content, enterprise and product applications. Infosys will provide LexisNexis end-to-end strategic IT services across multiple business domains that include their global content systems, global business systems and product development, according to a statement. [...]
Yes Bank on Wednesday said it has reported a credit growth of 11.3 per cent at Rs 2.01 lakh crore for the March 2023 quarter. The outstanding credit was Rs 1.81 lakh crore at the end of March 31, 2022, Yes Bank said in a regulatory filing. The lender registered a 12.9 per cent growth [...]
Beauty and fashion firm FSN E-Commerce Ventures, which operates under the Nykaa brand, is expecting over 30 per cent growth in revenue in the just-ended fiscal 2023, the company said on Wednesday. However, it has estimated subdued growth in the fashion business, due to consumers tightening their wallets on discretionary spending. "The Operating parameters for [...]
Finance Ministry has called a meeting of heads of Public Sector Banks (PSBs) on April 13 to review progress of various financial inclusion schemes, including Jan Suraksha and Mudra Yojana. The meeting is scheduled to be chaired by Financial Services Secretary Vivek Joshi. According to sources, the meeting to be chaired by the Secretary would [...]
Digital financial services firm One97 Communications, which operates under the Paytm brand, has recorded 40 per cent growth in gross merchandise value on its platform to Rs 3.62 lakh crore in March 2023 quarter, the company said on Wednesday. The company had recorded a total GMV of Rs 2.59 lakh crore a year ago, Paytm [...]
Leading retailer Reliance Retail has roped in RS Sodhi, the former MD of Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) that markets its products under the Amul brand. Sodhi, a dairy industry veteran, will work with Reliance Retail's fruit and vegetable category of its Grocery division, said an industry source. His presence would help Reliance [...]
